Pages

Popular Posts

Amazon Contextual Product Ads

Tuesday, June 14, 2011

50-30-20 Budget Calculator

In my earlier post, I talk about the Liz Weston Budget. Now, MSN Money has put up a calculator on their website see how your budget breaks up in percentages and if you are on track if you follow this budgeting method. Please click below for this budget calculator:

50-30-20 Budget: A simple spending breakdown.

There are so many ways to budget out there, however, you know hat you are on track if you fit the definition of a strong budget for each personal finance expert such as Liz Weston, Suze Orman, or Gail Vaz-Oxlade.

4 comments:

  1. I'm a teacher and am trying to set up a 50%, 30%, 20% budget. I am not paid in the summer for three months.
    Any suggestions on how to set up this budget? Divide my yearly salary and save enough during the school year to equal the monthly amount for the unpaid months? Or save for my must haves that are big (insurance, property taxes, etc) just during months I'm paid?
    I've been going back and forth on the best way to handle this. I want to start now, but I won't be paid for the next three months. Or I could have one budget for the working months and another for the non-working months.
    I do have enough savings to last me for the summer.
    Thanks for any ideas you might have.

    ReplyDelete
  2. This is a common question, therefore, please see my post on Nontraditional Earnings posted 6/21/11.

    http://moneysmartgrad.blogspot.com/2011/06/nontraditional-earnings.html

    ReplyDelete
  3. The online savings account calculator is noted to be dynamic in nature. One has to bear in mind that the interest levels might vary according to the financial institution.

    ReplyDelete
  4. This system active searches over 450 Cash Loan shops and once you submit. I connect you directly to a advance store's site to provide quick approval on your loan. Some of our express cash shops can even tranfer cash directly to your account in one hour! No waiting required. And we have the higher approval rates around. http://freecreditreportblog.net

    ReplyDelete